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Endesa should lower its IPO price

Endesa is a major market player right now. As we wait on its IPO that the CNMV is unveiling today, it is obvious that the electric company's deal will be one of the biggest in Spain since 2007.

Endesa has confirmed that it will sell between 17% and 22% of its capital, which Enel owns currently. The deal will succeed if all members are on board and the company cuts its IPO price by around 10% compared to the market price. The lower price will energize the sector and help the company to sell shares in Latin America.